What is upi transaction limit per day?

The UPI payments are growing fast, and the user base of this service is increasing rapidly. Due to the overwhelming volume of transactions, BHIM must limit UPI transactions per day. This guide will explain what UPI is, the benefits of UPI and UPI transaction limits per day. We also discuss alternatives to UPI once the transfer limit has passed.

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What is UPI? UPI in its full form

Unified Payment System, a new payments system, is based on Bharat Interface for Money. To transfer money to family members or friends, you don’t need any account information. To send/receive money, you will need a unique VPA (Virtual Private address).

The UPI can also be linked to the bank’s mobile number and either the six-digit or four-digit UPI PIN. UPI payments are more reliable and secure because of this.

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What is the upi transaction limit per day ?

UPI limits the amount of money that can be transferred per day in order to reduce the load on the servers. The set amount of money can be transferred at once and only once per day.

These are the UPI transaction limits per day:

No. of transactions allowed within 24 hours – 10.

Limit per day for transactions – Rs 1 Lakh

You can therefore transfer up to 1 lakh per day. You can also make 10 transactions that do not exceed 1 lakh.

You must readWhat is my UPIID? How do I find my UPI ID for different UPI Payments Apps?

Banks also have different upi transfer limit

Yes, the UPI transaction limit for different bank accounts is different.

These are the bank names with their UPI transaction limits per transaction and daily limits.

  1. SBITransactions: Rs 1 Lakh
  2. HDFC BankTransactions: Rs 1 Lakh
  3. Kotak Mahindra Bank – Rs 25,000 per transaction, 2 transactions per day
  4. Central BankTransactions: Rs. 25,000
  5. IDFC First BankTransactions: Rs. 25,000
  6. ICICI BankTransactions: Rs 1 Lakh
  7. Axis BankTransactions: Rs. 50,000
  8. Bank of IndiaTransactions: Rs 10,000

The limit can also be adjusted according to your account type. People with a higher account variant have a higher transaction limit, while people with entry-level accounts get fewer transactions (even Rs10,000).

FAQs regarding sbi upi transaction limit

1. Is UPI charged?

What is the best way to get UPI transactions? UPI transactions are free according to the most recent RBI guidelines. However, there is a daily limit to the number of transactions.

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2. Is the sbi upi limit different for different UPI Apps

What is the limit? You can only transfer 1 lakh per day and perform 10 transactions within 24 hours, regardless of which UPI app is used.

3. What do I do if my UPI PIN is lost?

What is the UPI PIN? If you have forgotten your UPI PIN, you can reset it. To change your UPI PIN, you will need to provide details about your Debit card. You can read this guide on how to reset UPI PIN.

4. What happens when the upi transfer limit is reset?

What is the maximum allowed amount of transactions? You can’t do any further UPI transactions after you have completed the maximum amount of transactions. You have 24 hours to wait after the first transaction.

Alternatives to UPI: The solution to “You have exceeded your bank’s maximum upi transfer limit

What is the solution to exceeding the UPI transaction limit per calendar day? The UPI limit per day is exceeded and you will receive a message in the app saying ” You have exceeded your bank’s maximum transaction amount“. This means that you can no longer do any UPI transactions for the rest of the day.

There are many other options if you feel the need to make more transactions.

IMPSThis service is similar to UPI, but it requires account details and can be charged. There is no limit to the amount you can transfer per day and you can generally transfer 2 lakh per transaction.

NEFT This is an old and well-known way to transfer funds. NEFT works only at specific times. Banks have different limits on NEFT. For details on charges and limits, please visit the bank’s website.

Summary

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This post will explain what the upi transfer limit per calendar day is. We also have the upi transfer limit per day and the maximum amount that can be transferred via UPI.

You can find our UPI-related posts here. Feel free to leave comments below with any questions or queries about the UPI limit per person.

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